Examples of Loan Party in a sentence
The provisions of this Section 4 are solely for the benefit of the Administrative Agent and the Lenders and neither the Borrower nor any other Loan Party shall have rights as a third-party beneficiary of any of such provisions.
The Borrower and each other Loan Party hereby agrees to treat the New Lender as a direct owner of the relevant portion of the Main Street Term Loans in accordance with the terms of this Agreement.
The Administrative Agent shall provide all material notices and information received from a Loan Party in connection with this Agreement, the Credit Agreement or any other Loan Document promptly (and, in any event, within two (2) Business Days) to the Lenders at the respective addresses specified for such Lender in the Transaction Specific Terms or, as applicable, any replacement address provided by any Lender to the Administrative Agent.
Each Loan Party hereby agrees that, to the extent that any Person becomes a Loan Party (a “New Loan Party”), each other Loan Party will cause such New Loan Party to promptly sign a joinder to this Agreement in form and substance reasonably satisfactory to each other Party hereto.
Each Loan Party (a) ratifies and affirms that each of the Liens granted in or pursuant to the Loan Documents and confirms and agrees that such Liens are valid and subsisting and (b) agrees that this Waiver and all documents, agreements and instruments executed in connection with this Waiver do not in any manner impair or otherwise adversely affect any of the Liens granted in or pursuant to the Loan Documents.